PRICING NOTICE: Proposal To Launch Two Chinese Domestic Vanadium Prices


Fastmarkets proposes to launch two weekly Chinese domestic prices for vanadium products after some initial research and consultation with market participants.

The new price assessments will include one for vanadium nitrogen and one for vanadium pentoxide (V2O5) with both being proposed to be updated every Thursday.

Fastmarkets currently has two prices assessments for Chinese ferro-vanadium and V2O5 respectively and both are on a fob basis. The introduction of two more assessments for China’s domestic vanadium prices will further expand Fastmarkets’ current coverage of the vanadium market.

Since the second half of 2019, Chinese exporters’ interest in shipping vanadium products abroad has been stifled because Chinese prices have been much higher than their European counterparts, which persisted so far this year, especially with regional differences in industrial recovery after the Covid-19 pandemic.

As a result, Fastmarkets has captured few direct deals for vanadium products in the export market in the past year except for the volumes booked in long-term contracts between suppliers and buyers. 

In the absence of spot Chinese export liquidity, the market is in need of price assessments for the domestic Chinese market to directly track the trend in the country and gauge the opportunities for international business, including both imports and exports.

In addition to a domestic Chinese V2O5 price assessment, Fastmarkets is also planning to monitor the spot market for vanadium nitrogen – as opposed to ferro-vanadium – because it is a crucial indicator for the vanadium alloys market due to it having better liquidity.

Vanadium nitrogen has gained in popularity over ferro-vanadium among Chinese steel mills in the past few years, given that vanadium nitrogen is more cost-effective, market participants told Fastmarkets.

Considering these factors, Fastmarkets believes it is necessary to launch domestic prices for vanadium products for market participants to better track and observe the market movements in China more rapidly.

The proposed specifications for the new price assessments are listed as below:

Assessment: vanadium nitrogen, basis 77%V, 16% N, ex-works China

Quality: Lump. V 77-81%, N 14-18%, C 6% max, P 0.06% max, S 0.10% max
Quantity: Min 20 tonnes (+/- 5%)
Location: ex-works China
Unit: CNY/tonne
Payment terms: Cash, other terms normalized
Publication: Weekly, Thursday, between 2pm and 3pm London time

Assessment: Vanadium pentoxide 98% V2O5 min, ex-works China
Quality: Brown flake. V 98% min, Si, 0.25% max, Fe 0.30% max, S 0.03% max, P 0.05% max, As 0.02% max, Na2+K2O 1.50% max.
Quantity: Min 20 tonnes (+/- 5%)
Location: ex-works China
Unit: CNY/tonne
Payment terms: Cash, other terms normalized
Publication: Weekly, Thursday, between 2pm and 3pm London time

The consultation period for these proposed prices assessments will end one month from the date of this pricing notice on Thursday October 15. Subject to further feedback, the new price assessments will be launched on October 22.

To provide feedback on this price or if you would like to provide price information by becoming a data submitter to these prices, please contact Amy Lv by email at: pricing@fastmarkets.com. Please add the subject heading ‘FAO: Amy Lv, re: new Chinese vanadium pricing.

To see all Fastmarkets’ pricing methodology and specification documents, please go to www.fastmarkets.com/about-us/methodology

www.metalbulletin.com

Residential Vanadium Flow Battery Systems Under Development For Australia’s Solar-storage Market


Some Australian vanadium. AVL said the vanadium pentoxide offtake deal is of further interest to CEC for use in the latter’s domestic market, China, where vanadium availability is constrained by its use in making steel micro alloys. Image: AVL via Facebook.

Energy storage systems based around vanadium redox flow batteries (VRFBs) are being developed for residential use in Australia by partners Australian Vanadium (AVL) and Gui Zhou Collect Energy Century Science and Technology.

AVL made an announcement of the news to the Australian Securities Exchange yesterday. While the vast majority of new household battery systems are based around lithium-ion, an AVL representative told Energy-Storage.news that the advantages of a flow battery could include the ability to “store a lot more energy”, while the product is “inherently non-flammable”. The spokesperson also pointed out that the vanadium electrolyte can be reused at the end of the battery’s mechanical lifetime.

A 5kW / 30kWh system will be installed in Perth, Western Australia, to test out the technology and concept and provide feedback for product development. The system is being connected to the grid using an inverter approved by the national Clean Energy Council, which means it can be connected to a solar PV system and used to store energy for self-consumption at the site or for export.

With household lithium-ion systems generally in the range of about 7kWh to 15kWh in Australia, AVL believes that as well as simply enabling more self-generated power to be used onsite, VRFBs could be an answer to flattening Australia’s ‘duck curve’, enabling households to sell their energy back to the grid much further into the peak after solar generation drops off.

“VSUN Energy has seen a significant number of inbound enquiries for a grid connected, long duration residential VRFB to fill a space that is currently met by short life, short duration, less flexible and less safe energy storage solutions. Using solar energy at a time that suits the householder is the ideal application for VRFB energy storage,” AVL managing director Vincent Algar said.

Australian Vanadium’s battery integrator subsidiary VSUN Energy has ordered the system from Gui Zhou Collect Energy, which is a flow battery R&D and industrialisation company headquartered in Guizhou, China, and trading under the name CEC VRFB Co.

A memorandum of understanding (MoU) has been signed by the two parties for CEC to develop battery storage solutions for residential use and the off-take of vanadium pentoxide supply for VRFBs that CEC installs in Australia as well as internationally, for an initial sum of 2,000 tonnes per annum. AVL said this is of particular interest to CEC as much of China’s domestically produced vanadium goes straight to its micro-alloy steel manufacturing industry, meaning availability is constrained.

Australian Vanadium will produce electrolytes for the batteries in Australia, while included in the MoU is an exclusivity deal for battery system sales in the country for a period of 12 months. AVL said that a finalised product is “anticipated” to be on sale to the public by early 2021.

AVL recently also signed an MoU to be involved in larger-scale system development for the Australian market, agreeing to support the manufacture and sale of VRFBs with Enerox, which makes and markets systems under its CellCube brand. That deal, expected to encompass systems for the commercial, industrial and grid storage markets, also includes a vanadium pentoxide offtake agreement, with AVL developing a site in Western Australia from which it can excavate raw materials.

“Our goal to vertically integrate from mining vanadium, all the way through the value chain to onshore production of electrolyte and battery manufacturing in Australia, will allow AVL to benefit both commercially and ethically in helping the transition to a low carbon future and driving jobs growth in both the renewables and mining sectors,” AVL’s Vincent Algar said.

A German company, Voltstorage, is also looking to commercialise residential VRFB-based storage systems. Voltstorage raised just over US$7 million of funding in July. For the most part, vanadium batteries are being considered for much larger projects – China could deploy several multiple-hundred megawatt-hour projects under its national infrastructure investment programme in the next few years.

So far, the world’s largest such system (60MWh) was deployed in northern Japan by Sumitomo Electric Industries in 2016 and Sumitomo earlier this year won a contract to supply another 51MWh system to the same region, where like the previous project it will be used to store renewable energy from wind turbines in order to help integrate them onto the local grid. Another interesting project currently underway is in England, where a hybrid vanadium flow battery-lithium battery system will be used to help create a low carbon ‘Energy Superhub’.

www.energy-storage.news

Shougang Changzhi VN Alloy Bidding Price On 18 Sep 2020


Product
Spec.
Price (RMB/TON)
Qty(ton)
Basis
Vanadium-nitrogen
VN16
 152,200
20
Acceptance with tax

www.ferroalloynet.com

Price Change Of Vanadium Products On 14Th-18Th September 2020


www.ferroalloynet.com: This week, there are very few inquiries in vanadium market. On Tuesday, the latest long-term agreement price was adjusted by large V2O5 flake factories, and the problems that the market paid more attention to were finally clear. However, before the pricing of large factories, the transaction price of retail V2O5 flake was lower than the price quoted by large factories. To a certain extent, the willingness of downstream enterprises to accept the latest quotation of large factories was low. In addition to the direct supply from manufacturers, the market activity of ferrovanadium was very low this week. VN alloy price has been showing a slow decline trend. When the sales price of the products is unstable, the willingness of alloy factories to purchase raw materials will also decrease. In addition, the prices of large factories are indeed higher than the retail prices. Therefore, only some orders are signed by large factories on the day of pricing and the second day, and then they enter the bottleneck. The downstream companies have insufficient confidence in stabilizing the vanadium market, and still press down the purchasing price of raw materials, and then make room for alloy sales price, so this week the vanadium market upstream and downstream in the continuous downturn in the operation. In addition, the price of large factories is indeed higher than that of retail suppliers. Therefore, only some orders are signed by large factories on the same day and the second day, and then they enter into a bottleneck. The downstream has insufficient confidence in large factories to stabilize the vanadium market , still lower the price of raw materials, and then make room for alloy prices, so the upstream and downstream market prices continued to decline this week.

Ammonium vanadate Spec. Price on 14 Sep Price on 18 Sep Change Basis(Yuan/ton)
AMV flake 98% 95000-97000 93000-95000 ↓ 2000 Cash with tax
APV flake 98% 95000-96000 93000-94000 ↓ 2000 Cash with tax
 

 

 

 

 

 

 

V2O5

 

 

 

 

 

V2O5 flake 98% 107000 100000 ↓ 7000 Tranvic, Desheng, Acceptance with tax
V2O5 flake 98% 107000 100000 ↓ 7000 Jianlong, Acceptance with tax
V2O5 flake 98% 99000-100000 96000-97000 ↓ 3000 Small/medium sized factories/bulk cargo
V2O5 powder 98%(metallurgical) 99000-100000 96000-97000 ↓ 3000 Cash with tax
V2O5 powder 98%(chemical) 103000-106000 102000-103000 ↓ 2000 Cash with tax
V2O5 powder 99%(chemical) 118000-122000 118000-120000 ↓ 1000 Acceptance with tax
V2O5 powder 99.5% 130000-132000 130000-132000 Cash with tax
European V2O5 98% 5.1-5.6(11 Sep) 5.1-5.6(16 Sep) USD/LB V2O5
 

FeV

 

 

FeV50 104000-105000 102000-103000 ↓ 2000 Cash with tax
FeV50 110000 108000 ↓ 2000 Pangang, Acceptance with tax
FeV80 166400-168000 163200-164800 ↓ 3200 Cash with tax
European FeV70-80% 24.45-25.65(11 Sep) 24.45-25.4(16 Sep) ↓0.125 USD/kgV
 

VN alloy

 

V77N16 156000-157000 153000-154000 ↓ 3000 Cash with tax
V77N16 166000 159000 ↓ 7000 Pangang, Acceptance with tax
 

Ferrovanadium nitride

FeV45N10 108000-109000 105000-106000 ↓ 3000 Acceptance with tax
FeV55N11 128000-130000 125000-127000 ↓ 3000 Acceptance with tax

www.ferroalloynet.com

Head Up! Eskom Warns It Might Implement Load Shedding At Short Notice


Eskom said the national grid is currently constrained and has once again warned that it could be forced to implement load shedding at short notice.
The utility said two generation units have been forced to shut down over the past 24 hours adding to those on maintenance and currently on the breakdown.
Eskom is appealing on South Africans to use electricity sparingly and despite the constraints, it said rotation power cuts are not on the cards for Thursday and Friday.
Spokesperson Sikonathi Mantshantsha said: “Should there be any significant increase in breakdowns, load shedding may have to be implemented at short notice. Eskom teams are working around the clock to return as many of these units to service as possible. Should it become necessary, Eskom will communicate timeously.”
www.ferroalloynet.com

New Power-line To Position Ferro-alloy Resources ‘In A Good Place’ (Interview)


Ferro-Alloy Resources operations are all located at the Balasausqandiq Deposit in Kyzylordinskaya Oblast in the South of Kazakhstan. Currently the Company has two main business activities:
a)    the high grade Balasausqandiq Vanadium Project (the “Project”); and
b)    an existing vanadium concentrate processing operation (the “Existing Operation”)
Balasausqandiq is a very large deposit, with vanadium as the principal product, together with by-products of carbon, molybdenum, uranium, rare earth metals, potassium, and aluminium.  Owing to the nature of the ore, the capital and operating costs of development are very much lower than for other vanadium projects.
A reserve on the JORC 2012 basis has been estimated only for the first ore-body (of five) which amounts to 23 million tonnes, not including the small amounts of near-surface oxidised material which is in the Inferred resource category. In the system of reserve estimation used in Kazakhstan the reserves are estimated to be over 70m tonnes in ore-bodies 1 to 5 but this does not include the full depth of ore-bodies 2-5.
The existing production facilities were originally created from a 15,000 tonnes per year pilot plant which was then adapted to treat low-grade concentrates and is now in the process of being expanded and further adapted to treat a wider variety of raw materials.
The Company has already completed the first steps of a development plan for the existing operation which is expected to result in annualised production capacity increasing gradually to around 1,500 tonnes of contained vanadium pentoxide. The development plan includes upgrades to infrastructure, an extension to the existing factory and the installation of equipment to increase the throughput and to add the facilities to convert AMV into vanadium pentoxide and then to ferro-vanadium.
The strategy of the Company is to develop both the project and the Existing Operation in parallel. Although they are located on the same site and use some of the same infrastructure, they are separate operations.
www.ferroalloynet.com

Residential Vanadium Flow Battery Systems Under Development For Australia’s Solar-storage Market


Energy storage systems based around vanadium redox flow batteries (VRFBs) are being developed for residential use in Australia by partners Australian Vanadium (AVL) and Gui Zhou Collect Energy Century Science and Technology.
AVL made an announcement of the news to the Australian Securities Exchange yesterday. While the vast majority of new household battery systems are based around lithium-ion, an AVL representative told Energy-Storage.news that the advantages of a flow battery could include the ability to “store a lot more energy”, while the product is “inherently non-flammable”. The spokesperson also pointed out that the vanadium electrolyte can be reused at the end of the battery’s mechanical lifetime.
A 5kW / 30kWh system will be installed in Perth, Western Australia, to test out the technology and concept and provide feedback for product development. The system is being connected to the grid using an inverter approved by the national Clean Energy Council, which means it can be connected to a solar PV system and used to store energy for self-consumption at the site or for export.
With household lithium-ion systems generally in the range of about 7kWh to 15kWh in Australia, AVL believes that as well as simply enabling more self-generated power to be used onsite, VRFBs could be an answer to flattening Australia’s ‘duck curve’, enabling households to sell their energy back to the grid much further into the peak after solar generation drops off.
“VSUN Energy has seen a significant number of inbound enquiries for a grid connected, long duration residential VRFB to fill a space that is currently met by short life, short duration, less flexible and less safe energy storage solutions. Using solar energy at a time that suits the householder is the ideal application for VRFB energy storage,” AVL managing director Vincent Algar said.
Australian Vanadium’s battery integrator subsidiary VSUN Energy has ordered the system from Gui Zhou Collect Energy, which is a flow battery R&D and industrialisation company headquartered in Guizhou, China, and trading under the name CEC VRFB Co.
A memorandum of understanding (MoU) has been signed by the two parties for CEC to develop battery storage solutions for residential use and the off-take of vanadium pentoxide supply for VRFBs that CEC installs in Australia as well as internationally, for an initial sum of 2,000 tonnes per annum. AVL said this is of particular interest to CEC as much of China’s domestically produced vanadium goes straight to its micro-alloy steel manufacturing industry, meaning availability is constrained.
Australian Vanadium will produce electrolytes for the batteries in Australia, while included in the MoU is an exclusivity deal for battery system sales in the country for a period of 12 months. AVL said that a finalised product is “anticipated” to be on sale to the public by early 2021.
AVL recently also signed an MoU to be involved in larger-scale system development for the Australian market, agreeing to support the manufacture and sale of VRFBs with Enerox, which makes and markets systems under its CellCube brand. That deal, expected to encompass systems for the commercial, industrial and grid storage markets, also includes a vanadium pentoxide offtake agreement, with AVL developing a site in Western Australia from which it can excavate raw materials.
“Our goal to vertically integrate from mining vanadium, all the way through the value chain to onshore production of electrolyte and battery manufacturing in Australia, will allow AVL to benefit both commercially and ethically in helping the transition to a low carbon future and driving jobs growth in both the renewables and mining sectors,” AVL’s Vincent Algar said.
A German company, Voltstorage, is also looking to commercialise residential VRFB-based storage systems. Voltstorage raised just over US$7 million of funding in July. For the most part, vanadium batteries are being considered for much larger projects – China could deploy several multiple-hundred megawatt-hour projects under its national infrastructure investment programme in the next few years.
So far, the world’s largest such system (60MWh) was deployed in northern Japan by Sumitomo Electric Industries in 2016 and Sumitomo earlier this year won a contract to supply another 51MWh system to the same region, where like the previous project it will be used to store renewable energy from wind turbines in order to help integrate them onto the local grid. Another interesting project currently underway is in England, where a hybrid vanadium flow battery-lithium battery system will be used to help create a low carbon ‘Energy Superhub’.
www.ferroalloynet.com

Start Up Of 220Kv Transmission Project Of Dalian VRFB Energy Storage Power Station


On September 16, the 220kV transmission project of the National Demonstration Project of Dalian VRFB energy storage power peak shaving station was officially launched. The project started construction in November 2016 and is scheduled to be completed and put into operation in December 2020.

Located in Xigang District, Dalian, the project is the first large-scale chemical energy storage national demonstration project approved by the National Energy Administration, and the only chemical energy storage peak shifting power station in China. The construction scale reaches 200 MW/800 MWh, with a total construction area of 36,519 square meters and a total investment of 3.8 billion yuan. It adopts the VRFB energy storage technology, which is independently researched and developed in China and has independent intellectual property rights. It is suitable for high-power and large-capacity energy storage with good safety, long cycle life, fast response speed, high energy conversion efficiency, green environmental protection and other advantages.

After the completion of the project, it can play a dual role of peak shaving and valley filling, which is of great significance in improving the peak regulation capacity of Dalian Power Grid and the power supply reliability in southern Dalian, ensuring the safe and economic operation of the power grid, improving the power structure of Liaoning power grid, providing favorable conditions for the development of wind power, and promoting the application and development of energy storage technology.

www.ferroalloynet.com

South Africa TAM To Supply Vanadium?Titano-magnetite To China


Please visit for more information http://www.asianmetal.com/news/data/1586197/7/South%20Africa%20TAM%20to%20supply%20vanadium?titano-magnetite%20to%20China

WEBINAR: China Still Consuming H1 Ore, Alloys Imports But Supply Concerns Developing – Panel


China will be able to absorb the large volumes of ore and ferro-alloys supply it imported in the first half of this year, but supply concerns loom, Fastmarkets head of research Alistair Ramsay said during a recent Fastmarkets webinar on Covid-19 and what it means for trade flow and demand for key ferro-alloys and ores.

“It is been an extraordinary period with record levels of ores and ferro-alloys imports for China,” Ramsay said. “We’ve never seen steel production that strong and we’ve never seen steel demand in China that strong either – over the first seven months of the year steel production was at nearly 3% year-on-year growth rate from what it was already a spectacular 2019.”
In the case of vanadium, China’s imports of ferro-vanadium totaled 394 tonnes in the first six months of this year, compared with 92 tonnes imported over the corresponding period of 2019.
This surge in imports was caused by a continued price differential between Chinese and European vanadium prices that sparked interest in Chinese imports, webinar panelists said.
While the Chinese ferro-vanadium price has been underpinned by reduced supply and improved demand since late April, the price in Europe had been sliding until recently due to weakening…

www.metalbulletin.com

PRICING NOTICE: Proposal To Launch Two Chinese Domestic Vanadium Prices


Fastmarkets proposes to launch two weekly Chinese domestic prices for vanadium products after some initial research and consultation with market participants.

The new price assessments will include one for vanadium nitrogen and one for vanadium pentoxide (V2O5) with both being proposed to be updated every Thursday.

Fastmarkets currently has two prices assessments for Chinese ferro-vanadium and V2O5 respectively and both are on a fob basis. The introduction of two more assessments for China’s domestic vanadium prices will further expand Fastmarkets’ current coverage of the vanadium market.

Since the second half of 2019, Chinese exporters’ interest in shipping vanadium products abroad has been stifled because Chinese prices have been much higher than their European counterparts, which persisted so far this year, especially with regional differences in industrial recovery after the Covid-19 pandemic.

As a result, Fastmarkets has captured few direct deals for vanadium products in the export market in the past year except for the volumes booked in long-term contracts between suppliers and buyers. 

In the absence of spot Chinese export liquidity, the market is in need of price assessments for the domestic Chinese market to directly track the trend in the country and gauge the opportunities for international business, including both imports and exports.

In addition to a domestic Chinese V2O5 price assessment, Fastmarkets is also planning to monitor the spot market for vanadium nitrogen – as opposed to ferro-vanadium – because it is a crucial indicator for the vanadium alloys market due to it having better liquidity.

Vanadium nitrogen has gained in popularity over ferro-vanadium among Chinese steel mills in the past few years, given that vanadium nitrogen is more cost-effective, market participants told Fastmarkets.

Considering these factors, Fastmarkets believes it is necessary to launch domestic prices for vanadium products for market participants to better track and observe the market movements in China more rapidly.

The proposed specifications for the new price assessments are listed as below:

Assessment: vanadium nitrogen, basis 77%V, 16% N, ex-works China

Quality: Lump. V 77-81%, N 14-18%, C 6% max, P 0.06% max, S 0.10% max
Quantity: Min 20 tonnes (+/- 5%)
Location: ex-works China
Unit: CNY/tonne
Payment terms: Cash, other terms normalized
Publication: Weekly, Thursday, between 2pm and 3pm London time

Assessment: Vanadium pentoxide 98% V2O5 min, ex-works China
Quality: Brown flake. V 98% min, Si, 0.25% max, Fe 0.30% max, S 0.03% max, P 0.05% max, As 0.02% max, Na2+K2O 1.50% max.
Quantity: Min 20 tonnes (+/- 5%)
Location: ex-works China
Unit: CNY/tonne
Payment terms: Cash, other terms normalized
Publication: Weekly, Thursday, between 2pm and 3pm London time

The consultation period for these proposed prices assessments will end one month from the date of this pricing notice on Thursday October 15. Subject to further feedback, the new price assessments will be launched on October 22.

To provide feedback on this price or if you would like to provide price information by becoming a data submitter to these prices, please contact Amy Lv by email at: pricing@fastmarkets.com. Please add the subject heading ‘FAO: Amy Lv, re: new Chinese vanadium pricing.

To see all Fastmarkets’ pricing methodology and specification documents, please go to www.fastmarkets.com/about-us/methodology

www.metalbulletin.com

IN CASE YOU MISSED IT: 5 Key Stories From September 16


Here are five Fastmarkets that you might have missed on Wednesday September 16 that are worth another look.

JSW Steel Italia, part of Indian steelmaker JSW Steel, plans to resume liquid steel production at the former Aferpi mill in Italy by 2025 via construction an electric-arc furnace (EAF) with financial support from the Italian government,…

www.metalbulletin.com

Eskom Denies Ramping Up Load Shedding To Stage 6 Without Telling Public


Eskom on Wednesday denied claims that it lied to customers by ramping up load shedding earlier this month to stage 6 without telling the public.
Energy expert Ted Blom accused the power utility of shedding more than 5,000 megawatts during stage 4 load shedding.
According to Eskom’s own descriptions, that amounts to stage 6 rolling blackouts.
Blom said that he had evidence to prove that the utility was not being honest with South Africans.
“On the second day, Eskom loaded shedded 5,389 megawatts, which is supposed to be level 6. I saw that they loaded shedded more than 5,000 megawatts [and] on their own rules, that’s level 6,” he said.
However, Eskom’s spokesperson Sikonathi Mantshantsha said that Blom’s claims were not true.
“At no point did we lie to anybody and I’m quite pleased to note that he acknowledges that Eskom is not able to fully supply power to the country, which Eskom has now bee admitting for a while. Unfortunately, that is where we are at this point,” he said.
www.ferroalloynet.com

Ferro-alloy Resources Raises Funds To Enhance Vanadium Mining Operations


Ferro-Alloy Resources Limited (LON:FAR) has raised £733,000 from an equity issue with the proceeds earmarked for enhancements to operations in Kazakhstan.
The group said the proceeds will fund connection to an adjacent high voltage power line, a project described by the company as a project of major importance as it will provide a more reliable power supply, have greater capacity and cut power costs by more than half.
READ: FAR develops electrolyte tech to access vanadium flow battery market
It will also fund the installation of equipment to convert ammonium metavanadate (AMV) to vanadium pentoxide, allowing the product to be sold to a bigger market of customers and without discount to prevailing prices.
Several process improvements will also be funded from the raise, including work on the process plant and on-site accommodation for senior technical staff.
To raise the cash, the company is issuing £500,000 of equity, some 6.25mln shares sold at 8p each, and is issuing 150 bonds on the Astana Stock Exchange for a total of US$300,114. The bonds are unsecured, carry interest at 7% and mature in March 2023.
“We have already completed a great deal of good work towards increasing production from existing operations but the limited and unreliable power has held us back,” Ferro-Alloy chief executive Nick Bridgen said in a statement.
“The plant improvements and new converter for the AMV will yield quick benefits to production and therefore revenue, and we look forward to even better production upon the completion of the new powerline in Spring 2021.
“The new power connection is also a step towards the planned development of the Balasausqandiq project, one of the world’s largest and lowest cost vanadium mines, which will draw power from the same line,” he added.
www.ferroalloynet.com

Australian Vanadium (ASX:AVI) Signs Mou For Offtake And Residential VRFB Expansion


Australian Vanadium (AVL) has signed an offtake and development deal with a Chinese vanadium redox flow battery (VRFB) manufacturer
The agreement with Gui Zhou Collect Energy Century Science and Technology will also cover the supply of electrolytes and exclusive sales in the Australian market
The first VRFB system will arrive in late October for testing and feedback ahead of planned product rollout in 2021
The VRFBs for homes and small businesses will allow users to store renewable energy and even sell some back into the grid
Australian Vanadium is trading 14.29 per cent higher at 1.6 cents
Australian Vanadium (AVL) has signed an offtake and development deal with a Chinese vanadium redox flow battery (VRFB) manufacturer.
The deal
The memorandum of understanding (MOU) with Gui Zhou Collect Energy Century Science and Technology (CEC) provides a framework for AVL to provide vanadium pentoxide for use in CEC VRFBs in Australia and overseas, while also assisting in product development for the Australian market.
Aside from offtake and product development agreements, the MOU also covers AVL’s electrolyte production in Australia for use in CEC VRFBs.
AVL’s subsidiary, VSUN Energy, will also potentially be granted a 12-month exclusivity period over sales of CEC VRFBs in Australia, with an option to renew the terms after the initial period.
Next steps
The first VRFB from CEC will arrive in Western Australia for installation in October.
The 5kW/30kWh system is a first for Australia, as the battery comes with an inverter approved by the Clean Energy Council for grid connection.
This means excess energy generated from renewable sources can be stored and sold back to the grid.
The first CEC VRFB will be installed at a Perth property for testing and feedback on the system’s development.
The companies are aiming to deliver a market-ready residential and small business VRFB in 2021.
The Western Australian Government’s recent announcement of a new residential programme for solar buyback is timely and almost tailor-made for the AVL-CEC MOU.
WA residents will be able to sign up to the Distributed Energy Buyback Scheme (DEBS) programme, which allows households to export to the grid at the higher rate of 10c per kWh during the late afternoon and evening.
A home VRFB is an ideal system to capitalise on such a scheme.
AVL Managing Director Vincent Algar says the time is right to capitalise on VRFB tech.
“VSUN Energy has seen a significant number of inbound enquiries for a grid-connected, long duration residential VRFB to fill a space that is currently met by short life, short duration, less flexible and less safe energy storage solutions,” Vincent said.
“Using solar energy at a time that suits the householder is the ideal application for VRFB energy storage. We look forward to developing this first residential VRFB in Australia with CEC and leveraging the future battery industry growth in Western Australia,” he said.
“Our goal to vertically integrate from mining vanadium, all the way through the value chain to onshore production of electrolyte and battery manufacturing in Australia, will allow AVL to benefit both commercially and ethically in helping the transition to a low carbon future and driving jobs growth in both the renewables and mining sectors,” he added.
Product testing and optimisation will begin in late October.
Australian Vanadium is trading 14.29 per cent higher at 1.6 cents at 2:38 pm AEST
www.ferroalloynet.com

Nortec Minerals : Announces Exploration Program On The Cottonwood Uranium- Vanadium Project, Southeast Utah


Vancouver, BC / September 15, 2020 – NORTEC MINERALS CORP. (the ‘Company’ or ‘Nortec’) (TSXV: NVT): is pleased to announce the preparation of an exploration program on its Cottonwood Uranium-Vanadium Project (‘Cottonwood’ or ‘Property’) located in Garfield County, Southeast Utah, USA. The Property is located approximately 372 kilometres (230 miles) by road southeast of Salt Lake City, Utah and is situated in the Cottonwood Wash-Trachyte vanadium-uranium district, Henry Mountains Basin.
Given the potential for the discovery of a significant deposit, management is very keen to begin the program. Energy Fuels Inc., a TSX and NYSE listed public company, is also very active in the area and they have developed a 20 million pound resource of Uranium Oxide (grade 0.27% U3O8) on the same geological trend approximately 15 kilometres (10 miles) south of the Cottonwood Property .
The Cottonwood Property consists of contiguous mining lode claims, comprising 736 hectares (1,818 acres) within Township 32 South, Ranges 11 and 12 East. The claims are located on federal land and administered by the US Bureau of Land Management
The Phase 1 exploration program is being designed to define potential targets for definition drilling in a Phase 2 program. The Phase 1 program includes detailed geological mapping with emphasis on stratigraphy, extensive rock sampling and geochemical surveys, geophysical scintillometer, Alpha Track and radiometric surveys. The Alpha Track survey will facilitate the location of any hidden Uranium zones. Any potential targets defined in the Phase 1 exploration program would be followed up in the Phase 2 program. The Company intends to utilize the services of a local Utah exploration consulting company, North American Mining Services.
Due to the present and increasing demand and price for Uranium and Vanadium, along with the results of extensive exploration and detailed evaluation by various companies of Uranium deposits in Southeast Utah, management is optimistically looking forward to exploring our Cottonwood Project.
Other companies active in the area of Garfield County, where the Property is located include GTI Resources of Australia (www.gtiresources.com.au), Anfield Energy Inc., Global Vanadium Inc, and Energy Fuels Inc. Energy Fuels operates the White Mesa Uranium processing plant and operates several mines in Southeast Utah, Southwest Colorado and Wyoming. Energy Fuels’ Henry Mountains Complex Property is located to the south on the same geological trend as the Cottonwood Property. TNT Mines Ltd of Australia is developing the East Canyon Uranium-Vanadium Project, Uravan Mineral Belt, Southeast Utah.
The Property is situated in the Cottonwood Wash-Trachyte vanadium-uranium district, Henry Mountains Basin. It is underlain by sub-horizontal Mesozoic sedimentary rocks. Uranium-Vanadium deposits in the Project area occur within the Salt Wash sandstones of the Late Jurassic Morrison Formation and the Shinarump conglomerates of the older Triassic Chinle Formation.
The Project area contains historical uranium and vanadium mineral occurrences, prospects and underground workings . The project area is also underlain at depth by the uranium-vanadium-hosting, Jurassic Entrada Sandstone and Triassic Shinarump Conglomerate formations, which are favorable for potential discoveries. Another very important unique characteristic of these deposits are the simple geological controls and metal recoveries.
The deposits discovered in 1913, were intermittently mined first for radium and then for uranium and vanadium. Up to 1944, nearly 500 tons of high-grade ore were mined. During the period 1948 through 1978, some 130 properties in the Henry Mountains had produced 474,500 pounds of uranium oxide (U3O8) with an average grade of 0.30 percent U3O8 and 1,694,100 pounds of vanadium oxide (V2O5) with an average grade of 1.35 percent V2O5 (Re: W.L. Chenoweth, 1980, Henry Mountains Symposium, Utah Geological Association).
The Property acquisition agreement was signed by Nortec on March 4, 2019 and was approved by the TSX Venture Exchange on March 20, 2020. Nortec holds 100% interest in the Property, subject to a 1% Net Smelter Royalty (NSR). The 1% NSR may be reduced to 0.5% by paying US$500,000 on or before the 5-year anniversary date of the property acquisition. The Company has maintained the Property in good-standing by paying the claim fees.
Mohan R. Vulimiri, M.Sc., P.Geo., Director of Nortec Minerals, is a Qualified Person as defined by NI 43-101 regulations. Mr. Vulimiri has approved the corporate and technical content contained in this press release.
www.ferroalloynet.com

Vanadium Market Remains Deadlocked


www.ferroalloynet.com: After the pricing of large factories, the phenomenon of low quotation of raw materials and bulk cargo has slightly decreased, but the confidence in the later market is still not high. The spot transaction of downstream alloy market is not good, and the inquiry price of traders is low. The supply of vanadium products, whether raw materials or alloys, is still slightly surplus for the total demand, although the terminal demand has improved recently compared with July to August, it is not enough to offset the supply increase.
At present, the price quoted by V2O5 flake is 97500-98500 yuan/ton by cash, and the intended purchasing price of alloy plants is between 95000 yuan / ton and 96000 yuan / ton, however, there is no spot quotation at this price. At present, Tranvic and Desheng still have some stocks. It needs a lot of consumption in the downstream to clear the inventory. However, it is very difficult for vanadium alloy factories to sign a large number of orders. The manufacturers without long-term agreement are just purchasing V2O5 flake in the bulk market with a price of 97000 yuan / ton by cash. The vanadium alloy is still unstable at present. The follow-up market mainly depends on how to consume raw materials, convert raw materials into alloys, and how to be absorbed and consumed by steel plants.
At present, the transaction of ferrovanadium market is quiet. Up to now, the transaction price of FeV50 has dropped slightly to 101000-102000 yuan / ton by cash. This price is the purchasing price of some small steel plants, and the purchasing price of traders is only about 100000 yuan / ton. At present, the quotation of retail market is 102000-103000 yuan / ton by cash, which is difficult to deal with.
At present, the low price quoted by VN alloy manufacturers is 152000 yuan / ton by cash, and the transaction price of direct supply to steel plant is between 152000 yuan / ton and 153000 yuan / ton by cash. However, the highest price accepted by traders for inquiry and purchase is only 150000 yuan / ton by cash. According to some small factories and traders, the spot price of 151000 yuan / ton by cash is not easy to sell in recent two days, and the confidence in the later market is insufficient. There is no actual transaction in the high price of VN alloy. If the VN alloy plant in order to prevent the low transaction price of retail raw materials, relying on a large number of procurement, so as to stop the decline of raw material end, it will take on the heavy burden of strengthening the future market. Under the current market situation, this operation risk is relatively high. It is suggested to observe the consumption of retail raw materials. The actual output of retail goods and small factories is not enough to support the production of alloy manufacturers. After the consumption of bulk goods, the price of raw materials will stop falling automatically. In this process, the vanadium alloy end should be carefully to quote for sale.
www.ferroalloynet.com

Chinese Vanadium Pentoxide Powder Prices Decline


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Chinese Ammonium Metavanadate Prices Drop


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Chinese Vanadium Pentoxide Flake Prices Decline Further


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